Fire Safety Valves Market By Type of Fire Safety Valves (Deluge Valves, Pre-Action Valves, Dry Pipe Valves, Wet Pipe Valves, Foam Concentrate Valves, Gas Release Valves, Water Flow Alarm Valves, Other Specialty Valves) By Fire Suppression Agent (Water, Foam, Gas, Other Extinguishing Agents)-Growth, Future Prospects & Competitive Analysis, 2022 – 2030
The global demand for Fire Safety Valves was valued at USD 5348.5 Million in 2022 and is expected to reach USD 7902.1 Million in 2030, growing at a CAGR of 5.00% between 2023 and 2030.
The Wet Pipe Valves category is the market’s largest shareholder, and the Deluge Valves sector is the market’s fastest expanding.
Water has the biggest market share, and The Foam category is another important market sector.
The Commercial and Industrial division is in charge of market demand, and another market sector with a greater CAGR is Aerospace and Defence.
Medium Valves (2 to 6 inches) have the largest market share, and Small Valves (up to 2 inches) are the market’s second largest segment.
North America is expected to dominate the market in 2022, accounting for roughly 31.8% of total market share, while APAC is expected to have the highest CAGR of around 4.51%.
Government initiatives and regulatory standards drive industry expansion.
Stringent regulations stifle market expansion.
Executive Summary
Market Definition
The Fire Safety Valves Market is the industry that manufactures, distributes, and installs valves specifically intended for fire safety systems. These valves are essential components of fire protection systems because they control and regulate the flow of water or other extinguishing agents during a fire. They are critical to the performance and safety of fire suppression systems in a variety of situations, including residential, commercial, and industrial structures. The demand for dependable and effective fire protection systems to protect lives and property drives the market for fire safety valves.
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It is anticipated that between 2023 and 2030, the worldwide Fire Safety Valves Market will expand at a compound annual growth rate (CAGR) of 5.00%. From USD 5348.5 million in 2022, the market is projected to be worth USD 7902.1 million by 2030.
The Fire Safety Valves Market is expanding steadily as people become more aware of the importance of fire safety precautions in a variety of sectors. Strict rules and safety standards mandate the installation of reliable fire suppression systems in buildings, driving the industry. Fire safety valves are in high demand because they manage and regulate the flow of water or extinguishing agents during a fire emergency. Valve technologies are advancing in the industry, with greater durability, improved performance, and smart functions. Furthermore, the expanding building industry, particularly in emerging countries, is increasing demand for fire safety valves. The necessity to adapt existing buildings with updated fire protection equipment also drives the industry.
Segmentation by Type of Fire Safety Valves
The Wet Pipe Valves category is the major shareholder in the Fire Safety Valves Market. It commands a sizable market share because to its widespread application in various fire protection systems, particularly in commercial and residential structures.
The Deluge Valves sector is the market’s fastest growing. Deluge valves are frequently used in high-risk locations, such as chemical plants or places containing combustible compounds.
Segmentation by Fire Suppression Agent
Water is the segment with the largest market share in the Fire Safety Valves Market. Sprinkler systems and other water-based fire extinguishing chemicals are widely utilized and trusted for their efficiency in reducing fires.
The Foam category is another significant market segment. In instances involving flammable liquids, such as fuel storage spaces or chemical processing facilities, foam extinguishing chemicals are routinely utilized. Foam acts as a barrier between the fuel and the fire, suffocating it and preventing it from re-igniting.
Segmentation by End User
The Commercial and Industrial division is in charge of market demand. This segment encompasses a variety of industries and commercial buildings that require robust fire protection systems to preserve their assets and assure occupant safety.
The Aerospace and Defence segment is another market segment with a higher CAGR. Because of the crucial necessity for fire safety in aerospace and defence applications such as airplanes, military sites, and space exploration facilities, this industry has been steadily growing.
The oil and gas business works in high-risk situations where fire safety is critical to preventing accidents and minimizing damage.
Segmentation by Valve Size
The sector with the biggest market share is Medium Valves (2 to 6 inches). These valves are often utilized in a variety of applications and industries that demand a modest flow rate.
Small Valves (up to 2 inches) are the market’s second largest segment. These valves are commonly employed in smaller-scale applications that require a lower flow rate.
Segmentation by Region
In 2022, North America dominated the market, accounting for around 31.8% of total market share.
Between 2022 and 2032, APAC is predicted to have the highest CAGR of around 4.51%.
The rest of the world, including Latin America, the Middle East, and Africa, supplies the remaining demand for Fire Safety Valves.
North America dominated the market in 2022, and is expected to grow significantly during the forecast period 2022-2032, owing to early adoption of this technology, increased investment across industries, public safety norms, and other factors. For example, OSHA has set numerous regulatory norms involving security and health requirements to safeguard the safety of a diverse variety of workers. Furthermore, growing R&D investment for the development of this technology, as well as the presence of key market competitors, are fueling market expansion. In May 2019, American Flow Control, the valve and hydrant branch of American Cast Iron Pipe Company, announced plans to build a new research centre dedicated entirely to the performance development of valve and hydrant products.
In addition, APAC is expected to have the highest CAGR. The rising urbanization and industrialization of this region, particularly in emerging nations, is driving the expansion of the Asian fire fighting valve market. Furthermore, developing-country governments are providing incentives for the establishment of industrial projects in order to support economic growth, which is hastening the adoption of fire safety measures and fire fighting valves. The UP government announced its special wing ‘Invest UP’ in February 2020 in order to attract more private investments and expedite the state’s industrialization progress. Such variables are being studied in order to enhance demand for fire-fighting technology, which will drive the growth of the Asian fire-fighting valve market during the forecast period.
Key Highlights of the Report
The global Fire Safety Valves Market is segmented by Type of Fire Safety Valves, Fire Suppression Agent, End User, Valve Size, and region. The category with the biggest market share in the Fire Safety Valves Market is Water and Medium Valves (2 to 6 inches). In addition, the Commercial and Industrial division is in charge of market demand, and the Deluge Valves sector is the fastest expanding in the market, with North America leading the market growth.
Increasing fire safety awareness and severe rules in numerous industries, Globally increasing investments in infrastructure development and construction projects, as well as technological improvements in fire safety valves such as smart and automated systems, are important market drivers. Moreoevr, High installation and maintenance costs associated with fire safety valve systems, Limited adoption of fire safety measures in certain regions or industries and Challenges in retrofitting existing buildings with fire safety valve systems ae the key restraints of the market
Nonetheless, North America dominated the market in 2022 and is predicted to rise considerably during the forecast period 2022-2032, owing to early adoption of this technology, rising investment across sectors, public safety requirements, and other factors. Furthermore, APAC is predicted to have the greatest CAGR. The Asian fire fighting valve market is expanding due to the region’s increasing urbanization and industrialization, particularly in emerging nations.
What Elements Are Driving the Global Market for Fire Safety Valves?
The increasing awareness and stringent laws surrounding fire safety in various sectors is one of the primary drivers of the Fire Safety Valves Market. As businesses and individuals place greater emphasis on the protection of people and property, there is a growing demand for dependable fire suppression systems, including fire safety valves. Furthermore, the industry is being driven by significant investments in infrastructure development and building projects around the world. The demand for fire safety valves is predicted to rise in response to the growth of urban areas and the necessity for effective fire protection measures.
What Are The Main Obstacles That The Global Fire Safety Valves Market Faces?
While the Fire Safety Valves Market is expanding, there are some constraints to be aware of. One of the difficulties is the high installation and maintenance costs of fire safety valve systems. The initial investment necessary to deploy these systems can be substantial, particularly in bigger buildings or complexes. Furthermore, the adoption of fire safety measures may differ between regions or industries, resulting in restricted market penetration in particular locations. Retrofitting existing structures with fire safety valve systems can also be difficult due to structural constraints or the requirement for major alterations.
What Market Development Prospects Are There For Fire Safety Valves Globally?
The Fire Safety Valves Market offers numerous potential for expansion and innovation. There is a growing demand for ecologically friendly and sustainable fire safety solutions, which is pushing the development of more environmentally conscious fire safety valve technologies. The construction industry’s rise, particularly in emerging nations, creates prospects for the installation of fire safety valves in new buildings and infrastructure projects. Furthermore, the incorporation of IoT (Internet of Things) and automation technology in fire safety systems brings up new business opportunities. These developments enable improved monitoring, control, and predictive maintenance of fire safety valve systems, resulting in increased overall safety and efficiency.
Market Drivers
The global Fire Safety Valves Market is driven by several factors. The following are the key drivers of the global Fire Safety Valves Market:
Rapid Urbanization And Industrialization
One of the primary drivers of this market is industrialization, which is accompanied by significant investment in numerous industries, particularly in emerging economies. The Indian Prime Minister announced in October 2020, at the 4th India Energy Forum, that India plans to increase its refining capacity from 250 mtpa (million tonnes per annum) to 400 mtpa by 2026, and that the Indian Oil and Natural Gas sector will receive an investment of more than $300 billion by 2030 for development. With such industrial expansion comes an increase in the number of fires in industrial regions.
The use of fire-fighting tools is increasing in order to manage and limit the quantity of such damages, which positively influences the growth of this market. Furthermore, urbanization has a significant impact on the growth of this market. With economic expansion and fast urbanization, the demand for high-rise or mid-rise buildings is increasing at an exponential rate. This, in turn, has an impact on the growth of the fire-fighting valve sector. As a result, the aforementioned factors will drive the market from 2021 to 2026.
Initiatives of the Government and Regulatory Standards
Government initiatives, as well as severe regulatory standards for public safety, are being studied to boost the fire fighting valve market. With an increase in the incidence of fires in the industrial, residential, and commercial sectors, the demand for fire safety tools and fire-fighting valves is increasing. To avert similar incidents, governments are enforcing numerous regulations to improve safety measures. The Home Office launched a new Fire Safety Bill in March 2020 to improve fire safety measures in buildings in England and Wales. In the year 2021, this measure was renamed The Fire Safety Act.
Similarly, the Indian Government issued the Occupational Safety, Health, and Working Conditions Code, 2020, in September 2020, to improve the occupational safety, working conditions, and health safety of employees working in a company. Aside from that, the government is taking steps to raise public safety awareness.
For instance, the Russian Federation’s Ministry of Foreign Affairs asked UNIDO to organize an international conference alongside Rostechnadzor to raise awareness about industrial safety and security. Such strategic safety initiatives by government bodies are enhancing the global utilization of fire-fighting valves and are expected to drive market growth between 2021 and 2026.
Market Restraints
The global Fire Safety Valves Market faces some challenges that may hinder its growth. These include the following:
Stringent Regulations
Even though the fire fighting valve industry is quickly expanding, severe public regulations and security requirements in the aerospace and defence sectors are impeding expansion. The increased need for public security provides a high demand for this sector, but it also raises the cost. As a result, the price increase caused by tight regulations will impede the growth of this market over the projection period 2022-2032.
Opportunities
The global Fire Safety Valves Market offers significant growth opportunities. These include the following:
Integration of IoT And Automation Technologies In Fire Safety Systems
With technological advancements, fire safety devices can now be connected and controlled via the Internet of Things (IoT). This interface enables real-time monitoring, data collecting, and analysis of fire safety valve systems, allowing for preventative maintenance and overall safety. Fire safety valves can be configured to respond to certain triggers or events, such as smoke detection or temperature changes, by incorporating automation technology. This automation shortens response times and provides a timely and effective response to possible fire incidents.
These developments not only improve the performance and dependability of fire safety systems, but also provide useful information to facility managers and building owners. Data acquired by IoT-enabled fire safety valves can be examined to identify patterns, optimize system performance, and make informed maintenance and upgrade decisions.
Competitive Landscape
Key Players
The global Fire Safety Valves Market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:
Assured Automation
AVK International
Dixon
Dorot
Habonim
Hytor
L and T Valves
Mueller SV
OCV Control Valves
Valtorc
These organizations prioritize Application innovation, Disease Area expansion, and mergers and acquisitions to stay competitive.
The global Fire Safety Valves Market’s key players continually seek to stay ahead by offering new Applications and developments.
In September 2020, AVK International has introduced new UL and FM gate valves for fire prevention applications. These products are available in OS&Y and NRS configurations.
In June 2020, Johnson Controls introduced two new Tyco pressure control valves for fire prevention systems: the TYCO Model RV-1A Pressure Relief Valve and the TYCO Model PRV-1A Pressure Reducing Valve.
In November 2018, Baker Hughes has constructed a new steam test facility in Naples, Italy, which was established to better support the European aftermarket with rapid response ASME Section I safety valves for steam applications. The new factory expands on the current aftermarket center’s product scope and capacity to encompass the whole range of Masoneilan control valves and consolidated safety valves, with test pressures up to 2000 psi (140 Bar).
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Market expansion is being driven by rapid urbanization and industrialization.
Market segmented by Type of Fire Safety Valves, Fire Suppression Agent, End User, Valve Size, and region
The Commercial and Industrial division is in charge of market demand
Medium Valves (2 to 6 inches) have the largest market share
North America is leading market growth; the market is highly competitive with key players including Assured Automation, AVK International, Dixon, Dorot, Habonim, Hytor, L and T Valves, Mueller SV.
Future Outlook
Smart fire safety valves with comprehensive monitoring and control capabilities are becoming more popular.
Rising demand for fire safety valves in emerging economies as urbanization accelerates.
IoT and automation technology integration in fire safety systems.
A growing emphasis on environmentally responsible and sustainable fire safety systems.
Constant improvements in valve materials and designs for increased performance and longevity.
Increasing research and development spending in novel fire safety valve systems.
Strict regulations and safety standards are propelling market expansion.
Segmentation
By Type of Fire Safety Valves:
Deluge Valves
Pre-Action Valves
Dry Pipe Valves
Wet Pipe Valves
Foam Concentrate Valves
Gas Release Valves
Water Flow Alarm Valves
Other Specialty Valves
By Fire Suppression Agent:
Water
Foam
Gas
Other Extinguishing Agents
By End User:
Commercial and Industrial
Residential
Oil and Gas
Aerospace and Defense
Transportation
Others
By Valve Size:
Small Valves (Up to 2 Inches)
Medium Valves (2 to 6 Inches)
Large Valves (Over 6 Inches)
By Region
North America
U.s
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
Adjacent Markets
In the Fire Safety Valves Market, there are several adjacent markets which has high revenue growth opportunities. The key adjacent markets for Fire Safety Valves Market-
CHAPTER NO. 1 : GENESIS OF THE MARKET
1.1 Market Prelude – Introduction & Scope
1.2 The Big Picture – Objectives & Vision
1.3 Strategic Edge – Unique Value Proposition
1.4 Stakeholder Compass – Key Beneficiaries CHAPTER NO. 2 : EXECUTIVE LENS
2.1 Pulse of the Industry – Market Snapshot
2.2 Growth Arc – Revenue Projections (USD Million)
2.3. Premium Insights – Based on Primary Interviews CHAPTER NO. 3 : FIRE SAFETY VALVES MARKET FORCES & INDUSTRY PULSE
3.1 Foundations of Change – Market Overview
3.2 Catalysts of Expansion – Key Market Drivers
3.2.1 Momentum Boosters – Growth Triggers
3.2.2 Innovation Fuel – Disruptive Technologies
3.3 Headwinds & Crosswinds – Market Restraints
3.3.1 Regulatory Tides – Compliance Challenges
3.3.2 Economic Frictions – Inflationary Pressures
3.4 Untapped Horizons – Growth Potential & Opportunities
3.5 Strategic Navigation – Industry Frameworks
3.5.1 Market Equilibrium – Porter’s Five Forces
3.5.2 Ecosystem Dynamics – Value Chain Analysis
3.5.3 Macro Forces – PESTEL Breakdown
3.6 Price Trend Analysis
3.6.1 Regional Price Trend
3.6.2 Price Trend by product
CHAPTER NO. 4 : KEY INVESTMENT EPICENTER
4.1 Regional Goldmines – High-Growth Geographies
4.2 Product Frontiers – Lucrative Product Categories
4.3 Fire Suppression Agent Sweet Spots – Emerging Demand Segments CHAPTER NO. 5: REVENUE TRAJECTORY & WEALTH MAPPING
5.1 Momentum Metrics – Forecast & Growth Curves
5.2 Regional Revenue Footprint – Market Share Insights
5.3 Segmental Wealth Flow – Valve Type & Fire Suppression Agent Revenue CHAPTER NO. 6 : TRADE & COMMERCE ANALYSIS
6.1. Import Analysis by Region
6.1.1. Global Fire Safety Valves Market Import Volume By Region
6.2. Export Analysis by Region
6.2.1. Global Fire Safety Valves Market Export Volume By Region CHAPTER NO. 7 : COMPETITION ANALYSIS
7.1. Company Market Share Analysis
7.1.1. Global Fire Safety Valves Market: Company Market Share
7.1. Global Fire Safety Valves Market Company Volume Market Share
7.2. Global Fire Safety Valves Market Company Revenue Market Share
7.3. Strategic Developments
7.3.1. Acquisitions & Mergers
7.3.2. New Product Launch
7.3.3. Regional Expansion
7.4. Competitive Dashboard
7.5. Company Assessment Metrics, 2024 CHAPTER NO. 8 : FIRE SAFETY VALVES MARKET – BY VALVE TYPE SEGMENT ANALYSIS
8.1. Fire Safety Valves Market Overview by Valve Type Segment
8.1.1. Fire Safety Valves Market Volume Share By Valve Type
8.1.2. Fire Safety Valves Market Revenue Share By Valve Type
8.2. Deluge Valves
8.3. Pre-Action Valves
8.4. Dry Pipe Valves
8.5. Wet Pipe Valves
8.6. Foam Concentrate Valves
8.7. Gas Release Valves
8.8. Water Flow Alarm Valves
8.9. Others CHAPTER NO. 9 : FIRE SAFETY VALVES MARKET – BY FIRE SUPPRESSION AGENT SEGMENT ANALYSIS
9.1. Fire Safety Valves Market Overview by Fire Suppression Agent Segment
9.1.1. Fire Safety Valves Market Volume Share By Fire Suppression Agent
9.1.2. Fire Safety Valves Market Revenue Share By Fire Suppression Agent
9.2. Water
9.3. Foam
9.4. Gas
9.5. Others CHAPTER NO. 10 : FIRE SAFETY VALVES MARKET – REGIONAL ANALYSIS
10.1. Fire Safety Valves Market Overview by Region Segment
10.1.1. Global Fire Safety Valves Market Volume Share By Region
10.1.2. Global Fire Safety Valves Market Revenue Share By Region
10.1.3. Regions
10.1.4. Global Fire Safety Valves Market Volume By Region
10.1.5. Global Fire Safety Valves Market Revenue By Region
10.1.6. Valve Type
10.1.7. Global Fire Safety Valves Market Volume By Valve Type
10.1.8. Global Fire Safety Valves Market Revenue By Valve Type
10.1.9. Fire Suppression Agent
10.1.10. Global Fire Safety Valves Market Volume By Fire Suppression Agent
10.1.11. Global Fire Safety Valves Market Revenue By Fire Suppression Agent CHAPTER NO. 11 : NORTH AMERICA FIRE SAFETY VALVES MARKET – COUNTRY ANALYSIS
11.1. North America Fire Safety Valves Market Overview by Country Segment
11.1.1. North America Fire Safety Valves Market Volume Share By Region
11.1.2. North America Fire Safety Valves Market Revenue Share By Region
11.2. North America
11.2.1. North America Fire Safety Valves Market Volume By Country
11.2.2. North America Fire Safety Valves Market Revenue By Country
11.2.3. Valve Type
11.2.4. North America Fire Safety Valves Market Volume By Valve Type
11.2.5. North America Fire Safety Valves Market Revenue By Valve Type
11.2.6. Fire Suppression Agent
11.2.7. North America Fire Safety Valves Market Volume By Fire Suppression Agent
11.2.8. North America Fire Safety Valves Market Revenue By Fire Suppression Agent
11.3. U.S.
11.4. Canada
11.5. Mexico CHAPTER NO. 12 : EUROPE FIRE SAFETY VALVES MARKET – COUNTRY ANALYSIS
12.1. Europe Fire Safety Valves Market Overview by Country Segment
12.1.1. Europe Fire Safety Valves Market Volume Share By Region
12.1.2. Europe Fire Safety Valves Market Revenue Share By Region
12.2. Europe
12.2.1. Europe Fire Safety Valves Market Volume By Country
12.2.2. Europe Fire Safety Valves Market Revenue By Country
12.2.3. Valve Type
12.2.4. Europe Fire Safety Valves Market Volume By Valve Type
12.2.5. Europe Fire Safety Valves Market Revenue By Valve Type
12.2.6. Fire Suppression Agent
12.2.7. Europe Fire Safety Valves Market Volume By Fire Suppression Agent
12.2.8. Europe Fire Safety Valves Market Revenue By Fire Suppression Agent
12.3. UK
12.4. France
12.5. Germany
12.6. Italy
12.7. Spain
12.8. Russia
12.9. Rest of Europe CHAPTER NO. 13 : ASIA PACIFIC FIRE SAFETY VALVES MARKET – COUNTRY ANALYSIS
13.1. Asia Pacific Fire Safety Valves Market Overview by Country Segment
13.1.1. Asia Pacific Fire Safety Valves Market Volume Share By Region
13.1.2. Asia Pacific Fire Safety Valves Market Revenue Share By Region
13.2. Asia Pacific
13.2.1. Asia Pacific Fire Safety Valves Market Volume By Country
13.2.2. Asia Pacific Fire Safety Valves Market Revenue By Country
13.2.3. Valve Type
13.2.4. Asia Pacific Fire Safety Valves Market Volume By Valve Type
13.2.5. Asia Pacific Fire Safety Valves Market Revenue By Valve Type
13.2.6. Fire Suppression Agent
13.2.7. Asia Pacific Fire Safety Valves Market Volume By Fire Suppression Agent
13.2.8. Asia Pacific Fire Safety Valves Market Revenue By Fire Suppression Agent
13.3. China
13.4. Japan
13.5. South Korea
13.6. India
13.7. Australia
13.8. Southeast Asia
13.9. Rest of Asia Pacific CHAPTER NO. 14 : LATIN AMERICA FIRE SAFETY VALVES MARKET – COUNTRY ANALYSIS
14.1. Latin America Fire Safety Valves Market Overview by Country Segment
14.1.1. Latin America Fire Safety Valves Market Volume Share By Region
14.1.2. Latin America Fire Safety Valves Market Revenue Share By Region
14.2. Latin America
14.2.1. Latin America Fire Safety Valves Market Volume By Country
14.2.2. Latin America Fire Safety Valves Market Revenue By Country
14.2.3. Valve Type
14.2.4. Latin America Fire Safety Valves Market Volume By Valve Type
14.2.5. Latin America Fire Safety Valves Market Revenue By Valve Type
14.2.6. Fire Suppression Agent
14.2.7. Latin America Fire Safety Valves Market Volume By Fire Suppression Agent
14.2.8. Latin America Fire Safety Valves Market Revenue By Fire Suppression Agent
14.3. Brazil
14.4. Argentina
14.5. Rest of Latin America CHAPTER NO. 15 : MIDDLE EAST FIRE SAFETY VALVES MARKET – COUNTRY ANALYSIS
15.1. Middle East Fire Safety Valves Market Overview by Country Segment
15.1.1. Middle East Fire Safety Valves Market Volume Share By Region
15.1.2. Middle East Fire Safety Valves Market Revenue Share By Region
15.2. Middle East
15.2.1. Middle East Fire Safety Valves Market Volume By Country
15.2.2. Middle East Fire Safety Valves Market Revenue By Country
15.2.3. Valve Type
15.2.4. Middle East Fire Safety Valves Market Volume By Valve Type
15.2.5. Middle East Fire Safety Valves Market Revenue By Valve Type
15.2.6. Fire Suppression Agent
15.2.7. Middle East Fire Safety Valves Market Volume By Fire Suppression Agent
15.2.8. Middle East Fire Safety Valves Market Revenue By Fire Suppression Agent
15.3. GCC Countries
15.4. Israel
15.5. Turkey
15.6. Rest of Middle East CHAPTER NO. 16 : AFRICA FIRE SAFETY VALVES MARKET – COUNTRY ANALYSIS
16.1. Africa Fire Safety Valves Market Overview by Country Segment
16.1.1. Africa Fire Safety Valves Market Volume Share By Region
16.1.2. Africa Fire Safety Valves Market Revenue Share By Region
16.2. Africa
16.2.1. Africa Fire Safety Valves Market Volume By Country
16.2.2. Africa Fire Safety Valves Market Revenue By Country
16.2.3. Valve Type
16.2.4. Africa Fire Safety Valves Market Volume By Valve Type
16.2.5. Africa Fire Safety Valves Market Revenue By Valve Type
16.2.6. Fire Suppression Agent
16.2.7. Africa Fire Safety Valves Market Volume By Fire Suppression Agent
16.2.8. Africa Fire Safety Valves Market Revenue By Fire Suppression Agent
16.3. South Africa
16.4. Egypt
16.5. Rest of Africa CHAPTER NO. 17 : COMPANY PROFILES
17.1. Tyco Fire Protection Products
17.1.1. Company Overview
17.1.2. Product Portfolio
17.1.3. Financial Overview
17.1.4. Recent Developments
17.1.5. Growth Strategy
17.1.6. SWOT Analysis
17.2. Honeywell International Inc.
17.3. Siemens AG
17.4. Emerson Electric Co.
17.5. AVK Holding A/S
17.6. Victaulic Company
17.7. Kennedy Valve
17.8. Zurn Industries, LLC
17.9. NIBCO Inc.
17.10. Mueller Water Products, Inc.
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Frequently asked questions
What is the current Application of the worldwide Fire Safety Valves Market?
In 2022, the global Fire Safety Valves Market is expected to be worth USD 5348.5 million.
What is the predicted growth rate of the Fire Safety Valves Market between 2023 and 2030?
The Fire Safety Valves Market is estimated to increase at a CAGR of 5.00% between 2023 and 2030, reaching USD 7902.1 Million in 2030.
Which segment has the most market share in terms of Type of Fire Safety Valves ?
The Wet Pipe Valves category is the market’s largest shareholder in 2022
Which End User segment governs the market demand for Fire Safety Valves?
The Commercial and Industrial division is in charge of market demand.
Which End User segment is predicted to grow at the highest rate over the forecast period?
The Aerospace and Defence segment is another market segment with a higher CAGR
Which region is driving the Fire Safety Valves industry forward?
North America is expected to dominate the market in 2022, accounting for roughly 31.8% of total market share
Who are the major players in the global Fire Safety Valves Market?
The top players include Assured Automation, AVK International, Dixon, Dorot, Habonim, Hytor, L and T Valves, Mueller SV
What are the major market drivers of the Fire Safety Valves industry?
Increasing fire safety awareness and severe rules in numerous industries, Globally increasing investments in infrastructure development and construction projects, as well as technological improvements in fire safety valves such as smart and automated systems, are important market drivers.
What are the major market restraints of the Fire Safety Valves industry?
High installation and maintenance costs associated with fire safety valve systems, Limited adoption of fire safety measures in certain regions or industries and Challenges in retrofitting existing buildings with fire safety valve systems ae the key restraints of the market
What are the major market opportunities of the Fire Safety Valves industry?
The significant opportunities in the market are rising demand for sustainable and eco-friendly fire safety solutions, expansion of the construction industry in emerging nations, and integration of IoT and automation technologies in fire safety systems, which creates new market potential.
About Author
Ganesh Chandwade
Senior Industry Consultant
Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.
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